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Ease of Doing Business in

Taiwan, China

Taiwan, China Download Profile (1729.4KB, pdf)
Region East Asia & Pacific
Income Category High income
Population 23,492,074
GNI Per Capita (US$) 22,267
City covered Taipei

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 11 10 down
1
81.09 81.08 down
0.01
Starting a Business 19 16 down
3
94.42 94.41 up
0.01
Dealing with Construction Permits 3 3
-
86.30 86.29 up
0.01
Getting Electricity 2 2
-
99.44 99.43 up
0.01
Registering Property 17 17
-
83.89 83.89
-
Getting Credit 62 60 down
2
60.00 60.00
-
Protecting Minority Investors 22 18 down
4
70.00 70.00
-
Paying Taxes 30 32 up
2
84.78 84.79 down
0.01
Trading across Borders 68 67 down
1
80.11 80.11
-
Enforcing Contracts 14 15 up
1
73.49 73.49
-
Resolving Insolvency 22 21 down
1
78.46 78.41 up
0.05

DB 2017 Rank:

17

DB 2016 Rank:

17

Change in Rank:

0

DB 2017 DTF (% points):

83.89

DB 2016 DTF (% points):

83.89

Change in DTF (% points):

0.00

STANDARD PROPERTY TRANSFER
Property value TWD 35,527,010
City Taipei
Indicator Taiwan, China East Asia & Pacific OECD high income
Procedures (number) info_outline 3 5.4 4.7
Time (days) info_outline 4 74.4 22.4
Cost (% of property value) info_outline 6.2 4.5 4.2
Quality of the land administration index (0-30) info_outline 28.5 13.4 22.7
  • Measure of efficiency
    No. Procedure Time to Complete Associated Costs
    1

    Buyer researches the property rights and encumbrances registered against the property at the registry of titles

    Agency: Land Registry

    The buyer obtains copies of the land and building's registration from the electronic registration database. Each page costs TWD 20.

    Less than one day (online procedure) TWD 10 for the search and TWD 20 per sheet of e-transcript
    2

    Buyer pays the Deed tax at the Municipality

    Agency: Municipality

    The Deed tax is 6% of the standard property value, and buyer pays it at the Municipality. Seller pays the Land value increase tax.
    As a result, Taiwan government (Real-estate Valuation Committee) issues so-called "standard" valuation information of property every year for tax authorities' and tax payers' reference. After years, such government announcement of valuation becomes the reported tax base by taxpayers and acceptable by tax authorities. The real "contract price" might be ignored when filing deed tax in practice now. The standard value is always lower than market price.

    As of January 30 2005, the Land value increase tax (capital gains tax) is levied according to the following rates:
    (1) Where the net increase of the value of any land is no more than 100 percent of the original value of such land, the rate shall be 20 percent of the net increase.
    (2) Where the net increase of the value of any land is no more than 200 percent of the original value of such land, the rate shall be 30 percent of that part of the net increase which exceeds the original value by more than 100 percent in addition to the rate prescribed in the preceding section.
    (3) Where the net increase of the value of any land is no more than 300 percent of the original value of such land, the rate shall be 40 perсent of that part of the net increase which exceeds the original value by more than 200 percent in addition to the rates prescribed in the preceding section.

    As of October 2009, the Ministry of Finance completed the development of the Local Tax Online Filing Portal, provided for use by the public nationwide.
    Taiwan government spent two years planning this system, which enables the public to carry out the filing for these local taxes online at home, and speeds up the procedure for property registration. (The Local Tax Online Filing Portal website can be visited at: https://www.etax.nat.gov.tw/wSite/indexLocal.htm)

    Less than one day (online procedure) 6% of standard property value (Deed Tax) + 0.1% Stamp Duty
    3

    Registration of transfer of title at the Land Registry

    Agency: Land Registry

    The transfer of title is registered at the Land Registry. The original ownership certificate must be returned and a new one is issued.

    3 days 0.1% of property value (registration fee) + TWD 80 for new ownership certificate

  • Measure of quality
    Answer Score
    Quality of the land administration index (0-30) 28.5
    Reliability of infrastructure index (0-8) 8.0
    What is the institution in charge of immovable property registration? Land Office
    In what format are the majority of title or deed records kept in the largest business city—in a paper format or in a computerized format (scanned or fully digital)? Computer/Fully digital 2.0
    Is there an electronic database for checking for encumbrances (liens, mortgages, restrictions and the like)? Yes 1.0
    In what format are the majority of maps of land plots kept in the largest business city—in a paper format or in a computerized format (scanned or fully digital)? Computer/Fully digital 2.0
    Is there an electronic database for recording boundaries, checking plans and providing cadastral information (geographic information system)? Yes 1.0
    Is the information recorded by the immovable property registration agency and the cadastral or mapping agency kept in a single database, in different but linked databases or in separate databases? Single database 1.0
    Do the immovable property registration agency and cadastral or mapping agency use the same identification number for properties? Yes 1.0
    Transparency of information index (0–6) 4.5
    Who is able to obtain information on land ownership at the agency in charge of immovable property registration in the largest business city? Anyone who pays the official fee 1.0
    Is the list of documents that are required to complete any type of property transaction made publicly available–and if so, how? Yes, online 0.5
    Link for online access: 1. http://www.e-services.taipei.gov.tw/hypage.exe?HYPAGE=index_01.htm&clsid...
    Is the applicable fee schedule for any property transaction at the agency in charge of immovable property registration in the largest business city made publicly available–and if so, how? Yes, online 0.5
    Link for online access: 1.http://www.land.gov.taipei/np.asp?ctNode=85161&mp=111001 2.http://w2.land...
    Does the agency in charge of immovable property registration commit to delivering a legally binding document that proves property ownership within a specific time frame–and if so, how does it communicate the service standard? Yes, online 0.5
    Link for online access: 1.http://www.land.gov.taipei/ct.asp?xItem=59212504&CtNode=84881&mp=111001 2...
    Is there a specific and separate mechanism for filing complaints about a problem that occurred at the agency in charge of immovable property registration? No 0.0
    Are there publicly available official statistics tracking the number of transactions at the immovable property registration agency? Yes 0.5
    Number of property transfers in the largest business city in 2015: 28677
    Who is able to consult maps of land plots in the largest business city? Anyone who pays the official fee 0.5
    Is the applicable fee schedule for accessing maps of land plots made publicly available—and if so, how? Yes, online 0.5
    Link for online access: 1. http://w2.land.taipei.gov.tw/calc/exp/s_13.asp 2. http://www.land.gov.ta...
    Does the cadastral or mapping agency commit to delivering an updated map within a specific time frame—and if so, how does it communicate the service standard? Yes, online 0.5
    Link for online access: http://law.moj.gov.tw/Law/LawSearchResult.aspx?p=A&k1=%E5%9C%B0%E7%B1%8D%E6...
    Is there a specific and separate mechanism for filing complaints about a problem that occurred at the cadastral or mapping agency? No 0.0
    Geographic coverage index (0–8) 8.0
    Are all privately held land plots in the economy formally registered at the immovable property registry? Yes 2.0
    Are all privately held land plots in the largest business city formally registered at the immovable property registry? Yes 2.0
    Are all privately held land plots in the economy mapped? Yes 2.0
    Are all privately held land plots in the largest business city mapped? Yes 2.0
    Land dispute resolution index (0–8) 8.0
    Does the law require that all property sale transactions be registered at the immovable property registry to make them opposable to third parties? Yes 1.5
    Is the system of immovable property registration subject to a state or private guarantee? Yes 0.5
    Is there a specific compensation mechanism to cover for losses incurred by parties who engaged in good faith in a property transaction based on erroneous information certified by the immovable property registry? Yes 0.5
    Does the legal system require a control of legality of the documents necessary for a property transaction (e.g., checking the compliance of contracts with requirements of the law)? Yes 0.5
    If yes, who is responsible for checking the legality of the documents? Registrar.
    Does the legal system require verification of the identity of the parties to a property transaction? Yes 0.5
    If yes, who is responsible for verifying the identity of the parties? Registrar.
    Is there a national database to verify the accuracy of identity documents? Yes 1.0
    For a standard land dispute between two local businesses over tenure rights of a property worth 50 times gross national income (GNI) per capita and located in the largest business city, what court would be in charge of the case in the first instance? Taiwan Taipei District Court
    How long does it take on average to obtain a decision from the first-instance court for such a case (without appeal)? Less than a year 3.0
    Are there any statistics on the number of land disputes in the first instance? Yes 0.5
    Number of land disputes in the largest business city in 2015: 116,601 cases
    Equal access to property rights index (-2–0) 0.0
    Do unmarried men and unmarried women have equal ownership rights to property? Yes 0.0
    Do married men and married women have equal ownership rights to property? Yes 0.0